+297 Rates Trading is Paradise 28 6mo
+130 S&T 2026 bonus thread 128 3mo
+60 Commodities trader comp progression? 33 3w
+59 Breaking into S&T SA. How are interviewers evaluating “markets interest”? 15 5mo
+52 First DS at small oil trading firm – what ML actually helps physical/paper desks? 23 10mo
+51 Q&A: US Power Trader (Prop/Spec) 38 1mo
+45 is trading actually worth it for beginners right now? 11 2d
+44 Breaking into Physical Commodity Trading FT - Graduating Senior w/ Finance Background Struggling to Find a Way In 10 5mo
+44 VP in PE considering wild swing to commodity trading - where to start? 26 3mo
+43 Energy IB to Commodities Trading 12 9mo
+42 I am an agri commodity trader in a top firm, ask me anything. 26 8h
+42 Fundamental / Equity / Macro Research Roles at Quant Trading Shops 35 3w
+42 how to break into Macro trading/Global macro 21 6mo
+42 Commodities/Energy Trading Internship Rankings 40 7mo
+41 Trafigura / Glencore / Vitol / Gunvor / Mercuria Commercial Graduate Programs — Comp, Progression, and Trader Seat Odds 7 2mo
+40 Exits to HFs: Sales vs Trading in S&T? 20 6mo
+38 Is S&T to Macro Hedge fund still a thing? 14 4mo
+38 Path to Commodities as Undergraduate Junior 21 10mo
+37 How to know if trading is for you? 26 1mo
+36 How to make sure I don't end up at a trash S&T desk? 20 4mo
+35 Commodities physical trading vs S&T at a BB 16 6mo
+35 Sales & Trading at a Bank vs Quant Trading 8 6mo
+34 How hard is it to break into physical commodities trading 5 3mo
+34 S&T SA 2027 302 1mo
+34 Q&A - Commodity Grad Program Trader 7 6mo
+33 Q&A | Quant Trading, T1/T2 OMM | First-Year On the Desk 6 2mo
+32 How much overtime can I get away with as an S and T intern? 43 6mo
+32 NIGHTMARE Recruitment Process at Nomura Global Markets (15 interviews & Rejected in Final round by HR) 4 8mo
+31 Internship in Africa? 10 10mo
+30 Best Bank/Desk Combo? From an IB perspective 19 1w
+30 Best resources for macro rates trading 3 2w
+30 Leaving S&T after 4 months? Am I making a mistake? 5 1mo
+30 Exit Opportunities For Real Time Power Trader 19 5mo
+28 What's actually the most painful part of creating structured products? 5 3mo
+28 Future Of Power Trading? 8 9mo
+27 LSE Economics or Imperial Economics, Finance and Data Science (EFDS) for S&T 23 3mo
+27 Shipping->Commodities desk 14 6mo
+27 Prospect of the Military as a Means to an End (Advice Welcomed!) 9 9mo
+27 BB S&T London Comp Progression: Can Anyone Confirm These Numbers? 10 8mo
+27 No interviews for S&T 8 11mo
+26 what does the power spec landscape look like? Prop vs pod vs quant 8 2w
+26 Need Advice: Second thoughts on S&T @ starting line 9 1mo
+26 Fell in love with Asia on holiday, now I want to move my S&T career to HK/Singapore. Thoughts?? 16 2mo
+26 University for 17yo Intl. Student Breaking Into Quant/HF/S&T 15 3mo
+26 is being a fundamental analyst at a trading firm a dead end, and if so, what are my options? 8 9mo
+25 Deleted del del 9 8mo
+25 Summer Internship: Top BB (not GS) Trading desk VS Squarepoint QR 26 8mo
+25 MS vs GS vs JPM FI S&T Exit Opps 35 8mo
+25 s&t internship desk/rotation placement process - what to expect 11 9mo
+24 Physical commodities. Is an ops leadership job 7 - 10 years into my career an acceptable outcome, or am I settling? 3 5mo
+24 Investment Banking intern to S&T 17 8mo
+24 Shipbroking/chartering questions, trying to get in the industry 18 7mo
+24 Best Trading Desks in S&T 14 3mo
+23 Q&A: US Power Trader (Prop/HF) 11 1mo
+23 Breaking into S&T: Python Projects 6 5mo
+23 Can I recruit for both RX banking and S&T credit/fixed income? 13 5mo
+23 TN Visa → F-1 Visa international targeting IB/S&T/AM — which firms actually sponsor front office roles? 7 7mo
+22 I finally figured out what I want to do. The problem is getting there. 5 2mo
+22 2026 MM S&T Rankings 10 2mo
+22 200+ Networking calls, 0 offers. What am I doing wrong? 7 7mo
+22 IB vs S&T 8 6mo
+21 Institutional Sales - what it is? 2 2mo
+21 Going from Fixed Income Trading SA at AM to BB Fixed Income S&T? 8 4mo
+21 Breaking into Nat Gas/Commodities Trading — Skill Development & Recruiting Advice? 6 4mo
+21 Physical vs Financial (paper) Commodity trading 4 5mo
+21 BB S&T vs Prop Trading Firm (London) 12 6mo
+21 Interviewing Options Traders 5 7mo
+21 RBC Global Markets 7 7mo
+21 Market Opinion on Exxon Global Trading 7 10mo
+20 Starting out in Merchandising to Trading Desk. 6 2w
+20 Best way to move to NYC, LDN from Tokyo 7 2w
+20 Does bank matter for S&T Exits 17 4mo
+20 School me on S&T 11 8mo
+19 Buy Side Equity Execution Trading 9 2w
+19 How did you prep for a fixed income/macro S&T internship 2 4mo
+19 What happened to the Due Diligence Federation? 6 5mo
+19 RBC S&T exits? 6 7mo
+19 Sales and Trade Schools 15 9mo
+19 Received offer for a Trade Operations Analyst role at a small quant fund 6 10mo
+19 Trade Support = Best Finance Career 12 9mo
+19 Need Advice — Prop Trading, is it career suicide? 5 11mo
+19 S&T or QS 5 12mo
+18 Brookfield Renewable Real-Time Power vs. ExxonMobil Trader Development Program vs. RWE Commercial Graduate Program 5 1w
+18 Navigating Barriers to a Trading Role 1 5mo
+18 Setting the Record on Exit Opportunities 6 5mo
+18 CFOA (Certified Futures and Options Analyst) - Anyone with firsthand experience with this cert, candidate or hiring side? 3 6mo
+18 London Salary Master Thread 2026 26 5mo
+18 Sales & Trading Internship Preparation 3 6mo
+18 S&T and IB 11 6mo
+18 Q&A: Building Live Trading Strategies (Quant Finance + ML + LLMs)” 1 7mo
+18 AI in S&T 8 6mo
+18 Goldman Sachs Superday for FICC and Equities | Sales & Trading NYC Office 7 8mo
+18 I can show you how to look at the markets like a proper key risk taker 14 8mo
+18 EM Credit/FX/Rates Trading 5 9mo
+18 QT Internship vs. BB FT 10 11mo
+17 Best FICC S&T Products (Trading) 8 1mo
+17 For networking, should I be asking people to hop on a Zoom call, or just ring their phone number? 8 2mo
+17 Natural Gas Analyst Path to Trader 4 3mo
+17 Quickest way to take risk 15 3mo
+17 How to prepare for S&T SA internship at a BB? 7 6mo

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

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From 10 rejections to 1 dream investment banking internship

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